Procedure
Apply via Agent
Apply In-Online
- To Apply to Use Electric Vehicle Loan for Business, the applicant has to make the application online via link
- The applicant has to enter the name and select the size.
- Also, enter the postcode and click the “Search” button.
- Enter all the personal details.
- After completing the details, the applicant has to click the "submit" button.
- Now the applicant has to upload all the necessary documents that are mentioned in the “Required Documents” section of this page.
- Once completed, the applicant has to click the “Submit” button.
- The fee for this procedure is free of cost.
- After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
- They may contact the applicant for additional information or clarification during the evaluation process. The duration for a loan decision can vary, but the applicant should receive notification of the outcome within a reasonable time.
- If the application is successful, the applicant will be notified of the loan approval. The Energy Saving Trust will provide he/she with a loan agreement and instructions on how to proceed.
- Review the loan agreement carefully, address any conditions or requirements, and follow the provided instructions to complete the loan process.
- This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.
Required Documents
- Proof of identity
- Business Plan
- Financial statement
- Proof of business
- Vehicle information
- Business registration documents
- VAT documents
- Other supporting documents
Office Locations & Contacts
ENERGY SAVING TRUST SCOTLAND
Address:
Energy Saving Trust Scotland,
Second Floor, Ocean Point 1,
94 Ocean Drive, Edinburgh, EH6 6JH
Phone number-0131 555 7900
Email id: media@est.org.uk
Contact link- link
Eligibility
To be eligible for the loan, the applicant’s business must meet the following criteria:
- The applicant must be a registered business in Scotland.
- The applicant must have been trading for at least 12 months.
- The applicant must be purchasing a used electric vehicle that costs less than £30,000 for a car or £5,000 for a moped or motorcycle.
- The applicant must use the vehicle for business purposes.
Fees
- The fee for this procedure is free of cost.
Validity
Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever
Documents to Use
Please attach documents that can be used by people. e.g. links
Sample Documents
Please attach sample completed documents that would help other people.
Processing Time
- This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.
Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.
Instructions
- Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
- Applicants must provide genuine information while applying for this procedure.
Required Information
- Name of the applicant
- Address
- Email
- Telephone
- Employee id
- Date of birth
- Gender
Need for the Document
- By applying for an electric vehicle loan, businesses in Scotland can contribute to reducing carbon emissions and promoting a greener economy.
- Electric vehicles (EVs) produce fewer greenhouse gas emissions compared to conventional vehicles, helping combat climate change and improve air quality
- For more information – link
Other uses of the Document/Certificate
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.
External Links
Others
- COST SAVINGS: Electric vehicles have lower operating costs compared to traditional gasoline or diesel-powered vehicles. EVs typically require less maintenance, have lower fuel costs, and benefit from government incentives such as reduced or waived vehicle taxes, lower charging rates, and grants for EV charging infrastructure installation. Using an electric vehicle loan can help businesses acquire EVs without the burden of upfront costs, allowing them to save money in the long run.
- ENHANCED REPUTATION: Demonstrating a commitment to sustainability and environmental responsibility can improve a business's reputation among customers, clients, and stakeholders. Using electric vehicles as part of the business fleet showcases an eco-friendly approach and aligns with growing consumer preferences for sustainable products and services.